Assume that there is a once-off increase in the efficiency parameter Zo (techno- logical progress). Show what happens to the marginal products of capital and labour (FK and FL) as a result of the shock. Show what happens to unemployment, vacancies, and the real wage rate as a result of the change in technology mentioned in part (c). Illustrate your answer with a two-panel diagram as used in the book. Assume that there is a once-off increase in the efficiency parameter Zo (techno- logical progress). Show what happens to the marginal products of capital and labour (FK and FL) as a result of the shock. Show what happens to unemployment, vacancies, and the real wage rate as a result of the change in technology mentioned in part (c). Illustrate your answer with a two-panel diagram as used in the book